The value added method used in measuring national income ...
The value added method used in measuring national income is to
Measure output at factor cost
Avoid multiple counting of output
Deduct depreciation of capital assets
Add net factor income from abroad
Correct answer is D
By adding to its net factor income from abroad, we get NNPFC which is called national income.
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Short-run period in production is a period too short for a firm to be able to change its ...
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Which of the following BEST describes the production function? ...
Which of the following is an item of government recurrent expenditure? ...
Which of the following functions of money is mostly affected during inflation? ...